ECB’s Nowotny says euro very likely to keep weakening

European Central Bank Governing Council member Ewald Nowotny on Sunday:

• Said the euro is very likely to keep weakening against other major currencies
• “Due to the different tendencies in interest rate policies there is a great likelihood that this leads to a further depreciation of the euro”

Interview for the Wall Street Journal, reported Sunday from Reuters

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Not saying anything different from what pretty much everyone has been saying for months now.

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Added – here is the Wall Street Journal piece (gated): ECB’s Nowotny: Eurozone Governments Should Raise Investment Spending